Antoniadou, Elena; Koulovatianos, Christos; Mirman, … - In: Journal of Environmental Economics and Management 65 (2013) 1, pp. 28-39
We construct a game of noncooperative common-resource exploitation which delivers analytical solutions for its symmetric Markov-perfect Nash equilibrium. We examine how introducing uncertainty to the natural law of resource reproduction affects strategic exploitation. We show that the commons...